McDonald's (GL)

9601 Jefferson Highway, River Ridge, LA 70123

$2,084,000

Cap Rate 4.75%

$2,200,000

Cap Rate 4.50%

DOM: 119 Updated: 01.25.24 Posted: 09.27.23 Status: Sold 01.24.24

Summary

Price $2,084,000 $2,200,000	Built/Renov 1983/2018	Tenant McDonald's (GL)
Cap Rate 4.75% 4.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,608	Lease Start 06-03-1983	#Units 40,275
Price/SF $577.61 $609.76	Expiration 12-15-2038	Tenant Type Fast Food/QSR
NOI $99,000	R. Term 13.7	Ownership Ground Lease
Rent/SF $27.44	Increases 10.0%/5/yrs	Pop 5Mi 204,320
Lot/AC 0.96	Options 4/5yrs/10%	AHHI 5Mi $79,261

Lease Highlights

McDonald's has operated at this location for 40+ years
The property was completely re-built in 2018 to the newest McDonald's prototype
Tenant has 15 years remaining on their primary lease with 4 (5-year) options to extend
Lease features 10% rental increases every 5 years
Absolute NNN ground lease I Zero landlord responsibilities
Corporate guaranteed lease

Location Description

McDonald's is situated on Jefferson Highway, benefiting from excellent visibility and access to a daily traffic count of 24,000 vehicles. It is positioned as an outparcel to Breaux Mart Grocery Store and CVS, further enhancing its convenience for customers. The location is within a 25-minute drive of both Downtown New Orleans and Louis Armstrong New Orleans International Airport. Strong tenant...

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Key Features

New prototype
In location for years
Near major nationals
Shopping Ctr out-parcel
Highway location
Dense 200M+ pop 5 mi
Affluent suburb location
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

McDonald's Wikipedia McDonald's Wikipedia River Ridge, Louisiana Zip Code 70123 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: McDonald's
Guarantor:Corp T and Rated
Company:McDonald's Corporation
# Units:40,275
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NYSE: MCD

About Tenant

McDonald's Corporation, dba McDonald’s, is an American-based, multinational fast food chain. McDonald's is best known for its hamburgers, cheeseburgers and french fries, although their...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,861	76,407	203,222
2023 Total Population :	11,949	77,043	204,892
2023 Employed Civilian Pop :	6,250	38,977	103,782
2023 Total Businesses :	457	3,972	12,182
2023 Average Household Income :	$ 114,396	$ 86,672	$ 86,819
2023 Total Consumer Spending :	$ 515 M	$ 2486 M	$ 6530 M
2023 Median Age :	48	43	41
2023 Total Households :	5,292	33,317	86,912
2023 Pop Age 25+: Bachelor's Degree :	2,513	11,324	32,296
2023 Average Home Value :	$ 378,347	$ 274,629	$ 285,613

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Jefferson Hwy	Destin Ln	2018	121	0.20 mi
Hickory Ave	Vicknair St	2009	20,279	0.81 mi
Dickory Ave	Walnut Creek Rd	2009	12,567	1.06 mi
Jefferson Hwy	Huntly Ln	2011	19,120	1.11 mi
LA 48	Park Ave	2021	28,577	1.31 mi
Dickory Avenue	Dickory Ave	2022	32,038	1.35 mi
Hickory Ave	Airline Dr	2012	36,800	1.48 mi
Little Farms Avenue	Ivy St	2022	8,060	1.49 mi
LA3155	Airline Dr	2021	8,125	1.49 mi
Airline Dr	N Elm St	2008	34,700	1.52 mi

Listing Broker

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
34147 Views
128 Sold

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
34036 Views
127 Sold

Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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